Casino Businesses Moving On and Beyond

When Neteller, the largest online gambling payment processor, was banned from serving American citizens by the US government, under its Unlawful Internet Gambling Enforcement Act (UIGEA). More recently, with its founders entering pleas of conspiracy, Neteller was allowed to open up its frozen accounts and repay it clients; tens of millions of dollars were transferred back to their lawful owners in recent weeks.

The latest announcements to come from the third party payment service provider present a new chapter, a clean slate and new opportunities for growth. In spite of its own experiences of the past year, Neteller sees growth potential in global markets, outside of the US, just as other companies have pursued and enjoyed in the past 12 months.

Europe and South East Asia are long established potential markets, already yielding billions in business. Closing the ate on the Neteller experiences in North America opens up the rest of the world, refocuses the company's vision and helps motivate them to move on.

The company was the leading one in the US, hence the focus of the authorities' investigation on its activities. If anything, the past success and having dealt with the legal aspects are good - if unfortunate - experiences for the new age of online gambling and global activities.

Having not collapsed entirely is a sign of strength not only of the payment company, but of the global casino market at large. Neteller shares increased by a fraction of a percent in the past several days, showing the glimpse of optimism for the company and the industry.